NextWave Wireless Announces First Quarter 2007 Financial Results
SAN DIEGO--(BUSINESS WIRE)--NextWave Wireless Inc. (NASDAQ: WAVE) a global provider of mobile broadband and wireless multimedia products and technologies to enable Wireless 2.0, the next generation of mobile communications, today announced financial results for the first quarter of 2007 ended March 31, 2007. Financial schedules are included with this release.
Revenues were $7.7 million for the first quarter of 2007 and were derived primarily from our PacketVideo subsidiary, which supplies device-embedded multimedia software to many of the largest wireless carriers and handset manufacturers in the world. Our first quarter revenues represent a 98% increase over revenues of $3.9 million for the first quarter of 2006 and are primarily the result of unit sales growth and market penetration of mobile subscriber services by PacketVideo's customer base.
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